March 12, 1999
Sonic Jet Performance Inc., Huntington Beach-based maker of personal watercraft and recreational/sport boats, announced a 2-for-1 stock split, effective March 26 for shareholders of record March 12. Directors approved the split "in an effort to provide more liquidity and to broaden shareholder base," said president Alex Mardikian. The company will have 13 million shares of stock outstanding after the split. The stock, which trades over the counter, closed Thursday at $20.63, up 63 cents a
October 6, 1998
Shareholders of Tustin-based Cerplex Group Inc. have approved a 1-for-10 reverse stock split, decreasing the number of shares of common stock outstanding to 7.2 million from 72 million, the company said. The company, a provider of computer services, was created from the merger April 30 of Cerplex and Aurora Electronics. The company also said it has received an additional infusion of $5 million from its largest shareholder, New York-based private capital company Welsh, Carson, Anderson & Stowe.
March 16, 1999
Newport Beach-based Consolidated Builders Supply Corp. said its directors have approved a 1-to-5 reverse stock split. The stock, which is traded over the counter, closed at 6 cents a share on March 9, the last day that the shares traded.
August 23, 2000 |
Semiconductor maker Semtech Corp. (SMTC) said Tuesday it will split its common stock 2-for-1 after the shares almost tripled over the past year. Shareholders as of Sept. 5 will receive one additional share for each share held, payable Sept. 25, Semtech said. The Newbury Park, Calif.-based company split its shares a year ago. Net income more than doubled to $13.7 million, or 36 cents a share, in the second quarter ended July 30 from $6.
September 20, 2000 |
Rainbow Technologies Inc., Irvine provider of Internet security software, has declared a 2-for-1 stock split, payable Oct. 23 to shareholders of record Oct. 9. The stock on Tuesday moved up $3.06 a share, or 8.3%, to $39.81 in Nasdaq trading. The shares have gained more than 71% this year.
December 30, 1998 |
With Inktomi announcing a 2-for-1 stock split Tuesday, several other surging Internet companies could soon follow suit. Companies usually split their stocks after big price run-ups, often to make them more affordable for average investors. And Internet companies, of course, have been among the year's biggest runners. San Mateo, Calif.-based software developer Inktomi, for instance, is now at $127 a share, up 605% from its June initial public offering price.